Italian 10-year bond yields fall to record low as Draghi government eyed

Super Mario is back and the market continues to show a vote of confidence in him as BTPs push higher with yields falling to a record low in the European morning today.

The ECB also has a helping hand in all of this but the market is certainly liking the idea of Italian politics having a familiar figure at the helm.

The transfrmation of Italian bonds over the past year is quite notable, especially since Lagarde & co. had previously claimed that they were “not here to close the spreads”. That said, there is still some credit risk involved with the spread being ~95 bps.

Further Development


Analyzing the current trading chart of Gold, I found that the buyers got exhausted today and the downside roattion would be probably to correct strong upside movement from recent few days.

Gold is working in the well defined tight upside channel with the Stochastic in overbought zone, which is good sign for potential downside rotation.

Watch for selling opportunities with the downside target at $1,785

Key Levels:

Resistance: $1,850 and $1,870

Support level: $1,78

The material has been provided by InstaForex Company –

Leave your vote

🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.

As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.